Selbyville, Delaware, May 29, 2019 (GLOBE NEWSWIRE) --
Germany flue gas desulfurization systems market exceeded USD 500 million in 2018. Increasing demand for on-site electricity generation along with stringent government regulations will boost the business growth. Furthermore, rising investments toward the deployment of industrial air quality control systems will further strengthen product penetration.
Indian flue gas desulfurization systems market is anticipated to witness growth over 10% up to 2025. Increasing pollution levels along with adoption of stringent regulations associated with air borne emissions from fossil-fuel based power plants will enhance industry outlook. Increasing investments toward retro fitment of power plant facilities will further augment industry growth.
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Wet flue gas desulfurization systems market is set to witness growth over 5% by 2025. High control and scrubbing efficiencies along with declining sorbent material costs are some of the prominent factors that favor the installation of these units over available alternatives. Shifting regulatory landscape toward curbing emission levels from fossil-fuel based power plants will further boost the adoption of these systems.
Global flue gas desulfurization systems market is set to surpass USD 27 billion by 2025, as reported in the latest study by Global Market Insights, Inc. Initiatives toward expansion of heavy industries along with high dependence on coal-based power generating stations will stimulate the FGD systems market. Key developing economies including India, South Africa, Indonesia and Vietnam have witnessed substantial increase in the utilization of coal-based power generating systems. For instance, power generation from coal across India stood at 1,141.4 TWh in 2017 when compared to 949.9 TWh in 2014 witnessing a growth rate of 20%. The trend is expected to continue resulting in increased deployment of FGD systems.
Adoption of environmental mandates coupled with increasing number of captive power plants will drive the flue gas desulfurization system market. Growing health concerns associated with oxides of sulfur will further enhance the industry landscape. Key economies across the globe have introduced stringent air quality standards to limit the emission of various pollutants including SOx. For instance, India introduced the National Ambient Air Quality Standards in 2009 to determine the trend and ascertain the status of air quality.
Browse key industry insights spread across 190 pages with 216 market data tables & 27 figures & charts from the report, “Flue Gas Desulfurization Systems Market By Technology (Wet, Dry), Industry Analysis Report, Country Outlook (U.S., Canada, Mexico, Germany, UK, France, Spain, Italy, Netherlands, Russia, China, India, Japan, South Korea, Indonesia, Australia, Vietnam, Saudi Arabia, UAE, South Africa, Nigeria, Brazil, Argentina, Chile) Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/flue-gas-desulfurization-systems-market
Increasing investments toward refining capacity additions coupled with the growing demand for refined petroleum products will drive the flue gas desulfurization systems market growth. The development of new refining facilities especially across the Asia Pacific region will significantly influence the deployment of these systems. For instance, the refining capacity across the Asia Pacific region increased to 33.3 million barrels/day in 2017.representing growth rate of 1.8% from previous year.
Dry FGD systems market will witness growth on account of its ease of installation coupled with low capital investment. Easy waste disposal processes along with compact design will augment the industry outlook. In addition, positive outlook for heavy industries will further boost the adoption of these systems over the forecast timeframe.
Significant flue gas desulfurization systems market participants include KC Cottrell, Marsulex Environmental, Ducon, GEA Group, KCH Services, AMEC Foster Wheeler, General Electric, Babcox & Wilcox, Verantis, Nerderman Mikropul, Tri-Mer Corporation, CECO Environmental, MHPS, DuPont Clean Technologies and Hamon & Cie International SA amongst others.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.